Zion Community Corporation Acquires Church In Suffolk VA For $4.4M From Foundation Capital Resources
2500 East Washington Street
$4,400,000
$111/SF
Building Size
39,470 SF
Asset Type
Church
Closing
Jan 6, 2026
About this deal
AI
The property involved in the transaction is a church located at 2500 East Washington Street, Suffolk, VA. The sale price for the asset was $4,400,000, and it encompasses a total square footage of 39,470, resulting in a price per square foot of $111.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $4,400,000
- Address: 2500 East Washington Street
- Market: Suffolk, VA
- Square Footage: 39,470
- Price Per Square Foot: $111
- Buyer: Zion Community Corporation
- Seller: Foundation Capital Resources
- Broker: Thomas (Tom) Dana - Cushman & Wakefield
Tom Dana managed the deal for the seller, Foundation Capital Resources, representing their interests in the transaction with Zion Community Corporation as the buyer.
On the Map
$4,400,000
$111/SF
Church
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Players
Suffolk Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93